The biggest tax law in years is now in effect. The One Big Beautiful Bill Act (OBBBA), signed in July 2025 as Public Law 119-21, didn't just extend the 2017 Tax Cuts and Jobs Act — it made much of it permanent and expanded several breaks that owner-led businesses rely on.

The new tax law is settled. The value now isn't in knowing what changed — it's in acting on it before December 31. Taxes aren't a once-a-year event, and for owner-operators the difference between a good outcome and a missed one is almost always decided in the months before you file, not when you sit down to prepare the return. Here are three moves worth making this year.

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